đ Bitcoin Rockets to $62K! đ
Bitcoin (BTC) soared to an intraday high of $62,338 on Oct. 4, thanks to stronger-than-expected jobs data and bullish on-chain metrics.
đ Key Highlights:
- US nonfarm payrolls hit 254,000 in September, smashing the 147,000 forecast.
- Unemployment dipped to 4.1%, sparking a 97% chance of a Fed rate cut in November.
đ BTC on exchanges is at its lowest since 2018, hinting at a potential rally. Institutional investors are also jumping in, buying 7,000 BTC daily by the end of September.
Could this be the start of an "Uptober"? Share your thoughts below! đŹ
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